Landlords Taconic Investment Partners and Hidrock, along with Meritage Properties, take opposing views on market timing for commercial property sales.

Taconic Investment Partners decided it will not sell 619 W. 54th St. Instead it wants to find tenants to fill the 310,000-square-foot office building.

Two landlords have reached opposite conclusions about the sales market in the city. One sees the soaring prices in the city as a perfect time to sell. The other is holding out for potentially higher values ahead.

Taconic Investment Partners has pulled off the market 619 W. 54th St., the 10-story, 310,000-square-foot office building it owns at the north end of west midtown, sources said. The company, which scored huge profits in the past on deals like the sale of 111 Eighth Ave. for $2 billion, had planned to cash in and sell it for about $160 million, $50 million more than it paid for the building in 2012.

Now Taconic sees a chance to lease up the property as more tenants have migrated to the far West Side and try to net even more profits in the future. In recent weeks, for instance, the cab-hailing app Uber inked a more than 50,000-square-foot deal at the Terminal Stores building. Like 619 W. 54th St., that building sits west of 11th Avenue, though it's farther south, between West 27th and West 28th streets.

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Taconic has had previous leasing success at the building. It filled a 25,000-square-foot retail space there with the exotic car maker Maserati in 2013.

Meanwhile, another owner is ready to sell after stalling for the past year. Hidrock and Meritage Properties have hired a sales brokerage team from Jones Lang LaSalle led by Richard Baxter to market and sell 240 W. 35th St., a 160,000-square-foot building between Seventh and Eighth avenues. That property, which is nearly fully leased, could trade for $80 million or more.

The owners put the kibosh on an initial effort by Jones Lang LaSalle to sell the building last year in order to finish facade work on the building, which they felt would enhance its value.